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Edgware and Burnt Oak businesses get £50k boost: Barnet launches grant programme for entrepreneurs

Edgware and Burnt Oak businesses could be among the first to benefit after Barnet Council has launched a £50,000 grant programme aimed at supporting local business owners and entrepreneurs in the borough.

Five grants worth £10,000 each are available to fund various business-building activities, including events, training sessions, internships, mentoring programmes, and discount vouchers. Grassroots groups like volunteer-led town teams, business associations, and resident associations can bid for the funding to support businesses within their areas.

The grants are funded by the UK Shared Prosperity Fund, and applicants must demonstrate how their plans will benefit local businesses, particularly those owned by under-represented groups.

The grant program isn’t limited to Edgware and Burnt Oak. Businesses across Barnet’s town centers – from Brent Street and Finchley Central to Chipping Barnet, Hendon Central and Mill Hill – can apply.

Here are the key details of the grant programme:

Total funding: £50,000
Grant size: £10,000 each
Eligible activities: Events, training sessions, internships, mentoring programmes, discount vouchers
Who can apply: Grassroots groups like volunteer-led town teams, business associations, and resident associations
Application deadline: 19 February 2024
Information sessions: 18 January and 1 February 2024 (online)

With more than 26,000 businesses in Barnet, the majority of which are small and medium-sized enterprises, this initiative has the potential to make a real difference to the local economy.

Cllr Anne Clarke, Cabinet Member for Community Wealth Building, said: “Local businesses are at the heart of our thriving high streets and communities. We want to work with them to help them grow and create more jobs.

“Barnet is home to diverse communities, and we want to hear how those bidding for the funding have targeted business owners from under-represented groups so that entrepreneurs from all backgrounds have the support and resources they need to succeed.”

Find out more by visiting https://www.barnet.gov.uk/business/growing-your-business/business-association-and-town-team-grant-programme